Thrivent Financial Updates Passive Stake in John B. Sanfilippo & Son

TL;DR

**Thrivent Financial still holds a passive stake in JBSS, showing continued institutional interest.**

AI Summary

Thrivent Financial for Lutherans, a Wisconsin-based financial services organization, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Common Stock in John B. Sanfilippo & Son, Inc. (JBSS) as of December 31, 2023. This filing, an amendment to a previous disclosure, updates their passive investment position in the sugar and confectionery products company. This matters to investors because it provides transparency into significant institutional ownership, which can influence stock stability and investor confidence.

Why It Matters

This filing shows that a large institutional investor, Thrivent Financial, continues to hold a significant, albeit passive, stake in John B. Sanfilippo & Son, Inc., signaling their ongoing confidence in the company.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive investment, indicating no immediate change in control or strategy, thus posing low risk.

Analyst Insight

A smart investor would note Thrivent Financial's continued passive institutional ownership in John B. Sanfilippo & Son, Inc. as a sign of stability, but recognize that this filing doesn't indicate any new strategic moves or significant changes in their investment thesis.

Key Players & Entities

• Thrivent Financial for Lutherans (company) — the reporting person and institutional investor
• John B. Sanfilippo & Son, Inc. (company) — the issuer of the securities
• Wisconsin (place) — place of organization for Thrivent Financial
• December 31, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A was filed

FAQ

Filing Documents

• tfl13ga1jbss.htm (SC 13G/A) — 44KB
• 0000314984-24-000024.txt ( ) — 45KB

From the Filing

SC 13G/A 1 tfl13ga1jbss.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* John B. Sanfilippo & Son, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 800422107 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 800422107 1 NAMES OF REPORTING PERSONS. Thrivent Financial for Lutherans 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Wisconsin NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 2,898 (1) 6 SHARED VOTING POWER 541,274 (2) 7 SOLE DISPOSITIVE POWER 2,898 (1) 8 SHARED DISPOSITIVE POWER 541,274 (2) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 544,172 (1), (2) 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.06% (3) 12 TYPE OF REPORTING PERSON (See Instructions) IC, IA (1) Represents shares held in the Thrivent Defined Benefit Plan Trust for which Thrivent Financial for Lutherans serves as investment adviser. (2) Represents 161,045 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 380,229 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser. (3) The percentage calculations used herein are based on the statement in the Company's Quarterly Report on Form 10-Q for the quarter ended September 28, 2023, as filed with the Securities and Exchange Commission on November 2, 2023, that were 8,973,031 shares of John B. Sanfilippo & Son, Inc. Common Stock outstanding at October 26, 2023. Item 1. (a) Name of Issuer: John B. Sanfilippo & Son, Inc. (b) Address of Issuer's Principal Executive Offices: 1703 N. Randall Road Elgin, IL 60123 Item 2. (a) Name of Person Filing: Thrivent Financial for Lutherans (b) Address of Principal Business Office or, if None, Residence: 901 Marquette Avenue, Suite 2500 Minneapolis, MN 55402 (c) Citizenship: Thrivent Financial for Lutherans is a Wisconsin fraternal benefit society. (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 800422107 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. (a) Amount beneficially owned: 544,172 (1), (2) (b) Percent of Class: 6.06% (3) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,898 (1) (ii) Shared power to vote or to direct the vote: 541,274 (2) (iii) Sole power to dispose or to direct the disposition of: 2,898 (1) (iv) Shared power to dispose or to direct the disposition of: 541,274 (2) Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Ite

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